There are a range of Ulster Bank children's savings accounts, the one you pick will depend on your child's age. Its urFirst savings account is available for those under the age of 12, while the bank's urMoney savings account can be opened for anyone aged 12 to 17. Ulster Bank children's savings accounts can help you teach your child how to save at a young age and hopefully the lesson will stay with them as they start to manage their own money.
The benefits of the urFirst account include:
- Annual interest payments
- Opening deposit of just £5
- Free Henri Hippo moneybox to store cash between bank visits
With the urMoney you can apply for your own cash card (you must have signed approval if you are under 16) to give you some independence. You can also:
- Enjoy competitive interest rates
- Make free withdrawals
- Keep up-to-date with transactions by ordering statements
Ulster Bank children's savings accounts can help give your child a head start in life as well as teaching them how to save sensibly.